Latest news with #AllIndiaSarafaAssociation.The
Hans India
3 days ago
- Business
- Hans India
Gold falls Rs 1,200, silver up by Rs 100
New Delhi: Gold prices declined by Rs1,200 to Rs1,00,170 per 10 grams in the national capital on Tuesday due to continuous selling by jewellers and stockists in line with weak global trends, according to the All India Sarafa precious metal of 99.9 per cent purity had closed at Rs1,01,370 per 10 grams in the previous market session. Gold of 99.5 per cent purity dipped below the Rs1 lakh mark, by falling Rs1,100 to Rs99,450 per 10 grams. It had settled at Rs1,00,550 per 10 grams on Monday. "Gold corrected further as traders reevaluated the likelihood of a full-scale regional war between Israel and Iran. This shift follows reports suggesting that Iran is actively pursuing a diplomatic resolution to its escalating conflict with Israel. "The potential for a fragile truce has fostered a bearish sentiment among gold traders," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. However, silver prices went up by Rs100 to Rs1,07,200 per kilogram on Tuesday. The white metal had ended at Rs1,07,100 per kg in the previous market close. Globally, spot gold was trading lower at $3,380.65 per ounce. Meanwhile, spot silver went up 0.44 per cent to $36.47 per ounce in the international markets.
Economic Times
4 days ago
- Business
- Economic Times
Gold declines Rs 1,200/10 g amid weak global trends
Gold prices declined by Rs 1,200 to Rs 1,00,170 per 10 grams in the national capital on Tuesday due to continuous selling by jewellers and stockists in line with weak global trends, according to the All India Sarafa Association. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Gold prices declined by Rs 1,200 to Rs 1,00,170 per 10 grams in the national capital on Tuesday due to continuous selling by jewellers and stockists in line with weak global trends, according to the All India Sarafa precious metal of 99.9 per cent purity had closed at Rs 1,01,370 per 10 grams in the previous market of 99.5 per cent purity dipped below the Rs 1 lakh mark, by falling Rs 1,100 to Rs 99,450 per 10 grams (inclusive of all taxes). It had settled at Rs 1,00,550 per 10 grams on Monday."Gold corrected further on Tuesday as traders reevaluated the likelihood of a full-scale regional war between Israel and Iran. This shift follows reports suggesting that Iran is actively pursuing a diplomatic resolution to its escalating conflict with Israel."The potential for a fragile truce has fostered a bearish sentiment among gold traders," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, silver prices went up by Rs 100 to Rs 1,07,200 per kilogram (inclusive of all taxes) on Tuesday. The white metal had ended at Rs 1,07,100 per kg in the previous market spot gold was trading lower at USD 3,380.65 per ounce."Gold is trading negative despite escalation of conflict in the Middle East and the precious metal witnessed profit taking at higher levels by the investors," Rahul Kalantri, Vice-President, Commodities at Mehta Equities, spot silver went up 0.44 per cent to USD 36.47 per ounce in the international further said silver prices also came off day's high ahead of the US Federal Reserve's monetary policy meeting. However, global uncertainty and geopolitical tensions could support the prices of precious metals. Abans Financial Services ' Chief Executive Officer Chintan Mehta said, "On the economic front, investors will watch for US macro data, including May's retail sales and industrial production data later in the day to gauge the strength of the US economy".
Hans India
13-06-2025
- Business
- Hans India
Gold jumps Rs 850; silver slips Rs 100
New Delhi: Gold prices jumped Rs850 to Rs99,340 per 10 grams in the national capital on Thursday amid a rise in precious metal prices in the overseas markets, according to the All India Sarafa yellow metal of 99.5 per cent purity climbed Rs800 to Rs98,800 per 10 grams . However, silver prices went lower by Rs100 to Rs1,07,000 per kilogram on Thursday. The most traded gold contracts for August delivery bounced by Rs1,585 to trade at Rs98,289 per 10 grams. Subsequently, the contracts for October delivery rallied Rs1,520 to Rs99,214 per 10 grams on the Multi Commodity Exchange (MCX). 'Gold prices surged higher on Thursday as escalating US-Iran tensions reignited safe-haven demand and weaker-than-expected US inflation data bolstered bets of interest rate cuts from the Federal Reserve,' Sriram Iyer, Senior Research Analyst at Reliance Securities, said. Meanwhile, spot gold increased by $15.74 per ounce or 0.47 per cent to $3,370.87 per ounce in the international markets.
Economic Times
11-06-2025
- Business
- Economic Times
Gold jumps Rs 820 to Rs 98,490/10 g; silver remains flat
Gold prices jumped Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday due to fresh buying by retailers and stockists in line with firm global trends, according to the All India Sarafa Association. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Gold prices jumped Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday due to fresh buying by retailers and stockists in line with firm global trends, according to the All India Sarafa precious metal of 99.5 per cent purity appreciated by Rs 750 to Rs 98,000 per 10 grams (inclusive of all taxes).However, silver prices traded flat at Rs 1,07,100 per kilogram (inclusive of all taxes) on spot gold in the international markets rose by USD 12.09 per ounce or 0.36 per cent to USD 3,334.69 per ounce."Gold edged by safe-haven demand as traders expressed concerns about tariff-related uncertainty."This renewed uncertainty followed a federal appeals court ruling that allowed US President Donald Trump to continue imposing global tariffs," HDFC Securities' Senior Analyst - Commodities Saumil Gandhi also highlighted that these concerns overshadowed some of the optimism stemming from the positive trade talks between the US and their two-day discussions in London, both parties agreed on a plan to ease trade to commodities market experts, geopolitical tensions stemming from the Russia-Ukraine war and intensifying conflict in the Middle East are driving the demand for gold as a safe-haven spot silver fell 0.5 per cent to trade at USD 36.34 per ounce in the global Securities' AVP-Commodity Research Kaynat Chainwala said the focus of market participants will shift to the upcoming US Consumer Price Index data, which will be released later in the day, giving more insights into the monetary policy outlook.
Time of India
11-06-2025
- Business
- Time of India
Gold jumps Rs 820 to Rs 98,490/10 g; silver remains flat
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Gold prices jumped Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday due to fresh buying by retailers and stockists in line with firm global trends, according to the All India Sarafa precious metal of 99.5 per cent purity appreciated by Rs 750 to Rs 98,000 per 10 grams (inclusive of all taxes).However, silver prices traded flat at Rs 1,07,100 per kilogram (inclusive of all taxes) on spot gold in the international markets rose by USD 12.09 per ounce or 0.36 per cent to USD 3,334.69 per ounce."Gold edged by safe-haven demand as traders expressed concerns about tariff-related uncertainty."This renewed uncertainty followed a federal appeals court ruling that allowed US President Donald Trump to continue imposing global tariffs," HDFC Securities' Senior Analyst - Commodities Saumil Gandhi also highlighted that these concerns overshadowed some of the optimism stemming from the positive trade talks between the US and their two-day discussions in London, both parties agreed on a plan to ease trade to commodities market experts, geopolitical tensions stemming from the Russia-Ukraine war and intensifying conflict in the Middle East are driving the demand for gold as a safe-haven spot silver fell 0.5 per cent to trade at USD 36.34 per ounce in the global Securities' AVP-Commodity Research Kaynat Chainwala said the focus of market participants will shift to the upcoming US Consumer Price Index data, which will be released later in the day, giving more insights into the monetary policy outlook.
